SME Confidence Devastated by Second Wave

SME Confidence Devastated by Second Wave SME Confidence Devastated by Second Wave The latest wave of the COVID-19 SME Research Tracker shows that as outbreaks persist, revenues continue to fall with 78% of SMEs now reporting a decline due to the pandemic. This is the highest level reported since the inception of the research in […]

NSW government abolishes stamp duty for new homes under $800,000

Bank of Mum & Dad to help first time buyers as NSW abolish stamp duty for new homes under $800,000 Bank of Mum & Dad to help first time buyers as NSW abolish stamp duty for new homes under $800,000 The NSW state government has abolished stamp duty for new homes under $800,000, in a […]

Personal business investments & how to safeguard them

Personal business investments & how to safeguard them Personal business investments & how to safeguard them The impact of COVID-19 on both personal and business financial arrangements is going to be critical over the coming months, if not years. As such it’s critical that SMEs solidify, or take some measure of action to safeguard, their […]

Millennials turning to ‘Bank of Mum and Dad’ are putting parents at risk without proper loan documentation

Millennials turning to ‘Bank of Mum and Dad’ are putting parents at risk without proper loan documentation Millennials turning to ‘Bank of Mum and Dad’ are putting parents at risk without proper loan documentation Young people are turning to the ‘Bank of Mum and Dad’ under pressure, research shows, but it can be damaging for […]

Surge in first home buyers enquires signals big growth in demand for the Bank of Mum & Dad.

Surge in first home buyers enquires signals big growth in demand for the Bank of Mum & Dad. Surge in first home buyers enquires signals big growth in demand for the Bank of Mum & Dad. The majority of first home buyers now borrow from the so-called “Bank of Mum and Dad”, which accounts for […]

Parents whom lend to their children will now need to have repayment plan documented as banks tighten up post-retirement mortgage repayment plans

Parents whom lend to their children will now need to have repayment plan documented as banks tighten up post-retirement mortgage repayment plans Parents whom lend to their children will now need to have repayment plan documented as banks tighten up post-retirement mortgage repayment plans Major bank introduces new serviceability probe Brokers will now be required […]

Bank of Mum and Dad is back to bridge deposit gap

Bank of Mum and Dad is back to bridge deposit gap Bank of Mum and Dad is back to bridge deposit gap Record low interest rates and government incentives are boosting interest from first home buyers, despite a weakening economy. The Bank of Mum and Dad is making a comeback as record-low lending rates, generous […]

Bank of Mum and Dad: Alternatives to 95% mortgages

Bank of Mum and Dad: Alternatives to 95% mortgages Bank of Mum and Dad: Alternatives to 95% mortgages If you are a first-time buyer with only a 5 % deposit, you may feel your home ownership dreams are crumbling before your eyes. But there may be hope. Before you throw in the towel – take […]

Covid fall-out will impact housing market – even for the young

Covid fall-out will impact housing market – even for the young Covid fall-out will impact housing market – even for the young In a falling housing market, loan-to-value ratios and deposits may well become a barrier make the Bank of Mum & Dad more important than ever. Someone said to me the other day “Well, […]

Survey reveals businesses finding it tough; willing to borrow from family and friends

Survey reveals businesses finding it tough; willing to borrow from family and friends Survey reveals businesses finding it tough; willing to borrow from family and friends A vast majority of Australian small business owners are having trouble securing finance or capital to start or grow their business, a new survey has found. From the wreckage […]